Seven 20% of Caesar's Palace casino revenue came from one single person wait what person? 20% aving volume of C pal a one single player Terren Wanabi born 1957 in Omaha Nebraska Terren began life as the son of Harry Wanabi who founded one of the most successful Carnival suppliers in American history called the Oriental trading at the age of 15 Terren began working for his father by the age of 20 Terren had been given the role of CEO after which he'd add an incredible amount to the business by Shifting the focus toward party products Terren was able to grow the business from 17 local stores to a company generating $25 million per month. The only problem was Terren had spent most of his life doing so and had therefore experienced almost nothing outside of work. The job was all consuming, say former. Associates he traveled for long stretches of time examining merchandise in Asia he never married his sister and others who know him say they don't believe he ever had had a significant romantic relationship.

This was his life, that company and engulfed him having burnt out by the age of 43. Terren put his share of the company up for sale, eventually selling for an undisclosed amount in October 2000 after which the goal was to have a charitable and fun retirement. Mr Wabi Said his plan was to throw himself into his philanthropic work and have more fun. If it's not fun, it's not worth doing bro.

If he was making 25 mil a month right, how long did the company stay alive for it? Must! And on top of that, he sold it. Mr Wabi Told his hometown newspaper the Omaha World Herald In 2000, he then created the Ter K Wabi charitable trust before donating Millions to AIDS and cancer research as well as various political causes. However, having worked all day every day for over 20 years in a complex business Terren found little satisfaction in this new line of work. Donations from his foundation grew, but he soon became Restless Several business ideas including opening a restaurant went nowhere.

He didn't know what to do with his time say sister. and as the old saying goes, an idle mind is the Devil's Playground With nothing else to do, Terry began a new hobby of spending large amounts of cash, purchasing one of Omaha's largest and most notable homes which featured nine bedrooms, 18 bathrooms, a gourmet kitchen, a custom wine seller, and a three-story elevator. but it was rather a venue near this mansion that became his biggest Financial Danger Terry began to travel across the border from Omaha to Council Bluffs Iowa so he could gamble at the Caesar's Hor Casino which is self-described on its website as a true gambler's Paradise Featuring an expansive round the-clock casino floor, an 18 table Poker Room a full service Caesar sports book, and one of a kind gaming areas Terren became quote one of the casino's top customers and began devoting himself to gambling fulltime as his primary income and livelihood. Source However, with his level of disposable income host at the Iowa casinos encourag Mr Wanabi to play at the Roo and other Harz O casinos in Las Vegas Str To launch any newses, Teren began a frequent Las Vegas beginning in 2005 where his existing gambling habit was intensified and joined with a drinking habit satisfied only by a luxury vodka brand called Jewel of Russia which retailed at over $200 per bottle.

In that very same year, Billionaire Steve Win opened the luxury Win Las Vegas and by 2006 one year later Terren had spent so much money at the venue that the two arranged to meet. Remarkably, Steve concluded that Terren was a quote compulsive Gambler and alcoholic leading Steve to ban Terry from the casino. However, given this was no fix for Terry's addiction, this simply became an opportunity for other venues in the area. Decided to take his money over to Caesar's Palace where a marketing executive promised to give him substantially more.

Advantage I mean dude, dude, it must have been really bad that the owner of the guy Mak a lot of money out of it right? feels bad for the guy I mean dude, it must have been crazyman to ban him okay you get say J chat he banned him okay dude, he probably didn't B when you saw the problem, he probably B he probably B when when the rewards were was become so Almost Boring that he was milking the out of him just Arrangements than the win with respect to playeres After which the casino created specifically designed incentives to keep Terry gambling at their venue. Wait wait wait. What created specifically designed incentives to keep Terry gambling at their venue he was given tickets to The Rolling Stones 12,000 500 a month for airfare and $500,000 in credit at the Gift Stores Har also offered 15% cash back on table losses greater than $500,000 special high limit games and other incentives Mr Wanabi resided for free in a three-bedroom suite at Caesar had access to his favorite bartender and was constantly surrounded by attendants to serve his every need such as a seven course meal from the casino's Bradley Ogden restaurant delivered to him while he was gambling with a attendants later telling legendary stories about his behavior while gambling. Aldon and Christian K Two of Mr Waton Ab's personal handlers at Caesars say he had thousands of Tiffany gift boxes filled with $50 gift cards or $100 gift coins that he would hand out to bartenders, nightclub operators, security guards, and others.

They say he once told a security guard to go to a supermarket and buy every cut of steak and then proceeded to hand them out to employees. Cesar's Palace High rollers of this magnitude are often given exclusive loyalty program status called seven Star where members are well by all the Fantastic benefits afforded to them with additional rewards and all around bigger and better perks Yet the casino then literally created a new I thought we give them chips instead of like gift card. it seems like a long if they get buy the gift cards pick them up I they just give chips instead above this called chairman of which only Terrence Wabi had the status of joining having been handed what you might call the ultimate life Terry decided to stay in Vegas yet with no intervention and nothing else to do. The severity: when you the Casino you have chips brother everybody gives chips like it's how it is.

It's how you tip people and like that you just give them chips man you're gambling if chips you give them chips you don't of his Habit To get out of control, several employees say Mr Wavi would stay at the tables for up to 24 hours, sometimes losing as much as 5 million in a single binge. He was allowed to play three Blackjack hands simultaneously with a $50,000 limit for each hand and if he won Mr Wabi says he regularly handed out to S's employees bundles of hundred bills that could total as much as $20,000 In the meantime, Terry was visited by a former Casino Host from his hometown who explained that Terry appeared disoriented and couldn't remember the conversations they' had in the past. He had that Terry was often seen stumbling around the casino or falling asleep at tables placed right beside loud nightclub music. Yet the most notable observation regarded the type of machines that Terry liked to play according to one of his former assistants.

Terren rejected any skill-based casino game like poker and instead gravitated toward games with low odds including roulette. and Slots he was considered a house player Because slots and roulette are house games, they have terrible odds for the playoff and the way he played blackjack, he made it the hell. wait what? Wait, wait, who said this? I'm so confused. Wait, dude, slot games at casinos have insanely High RTP They they actually do I Understand that it's still bad.

Okay, and it's addicting. It's bad. It's overall bad2 the RTP casinos is in incredibly high. Are you dumb IRL it's even.

it's even. It's even higher that on top of that, um, roulette is is part of the high. Uh. also.

High Odds Games if if you the dude dude, you guys are not understand what I'm saying roulette. If you play like black and red, you're if you play European let you had 48.5% win across the board, right? 48.5% win? That's that. That's pretty decent. It's close to 50% on top of that um, crap stles and like that the odds are pretty dank if you play the game properly.

Okay, hello, he made such bad decisions on the blackjack table. but it was only when his brother and sister came to visit 2007 that he' talk about just how much these bad choices had cost him in the 11 months since the beginning of the year. Terrence Wabi had lost $127 million under the assumption that Terry had more money somewhere. The casino then gave him a $ million loan although this by itself should have been a sign that he was almost out of money on the 23rd of January 2008 just weeks after telling family about his losses, Terren put his Omaha Mansion up the sale while continuing to chase his losses in.

Vegas he managed to sell the home for a price of 2.66 million. However, at this point it was late Terren Wabi was completely out of money. He' waged 4.2 million in 2005, 81 million in 2006, 825 million in 2007 and when his family brought him back to Omaha in early chat, the thing people understand chat is that this is um, the wagering and volume play. That doesn't really mean much.

Okay, because on top of that, he's get, he's get he's They're giving him like 15% of his money back, right? Wagering his money in and out plus money back from losses. Overall, he's going to put them back in, back, out, back in back. That's wagering isn't money loss, it's a wager. So it's a volume of in, in and out which if you if if you if you put that with the with with the percentage you CH of winning which is whatever the the math the math is the actual loss of that is probably less than 100 Mil 125 million in 2007 and when his family brought him back to Omaha in early 2008, just give you an example.

Okay, this example, my wager on stake is over 2 billion had lost more than anybody else in Las Vegas history with a 3year trip costing him a total of $24 million. To make matters worse, Terren had no job or income yet still owed the casino 14.7 million after which Terry put the blame back onto Caesars stating that his losses were their fault Mr Wabi alleges that during this period Harz not only didn't make him leave when he was drunk, but applied him with alcohol and prescription drugs to encourage him to stay in gamble. leading Terry to launch a lawsuit against the casino. Court documents explain: Caesar served Mr Wanabi two to3 750 mil bottles of Jewel of Russia vodka per day every day no Caesar in employee ever limited or cut off Mr Wat's drinking despite the fact that he was almost always visibly severely intoxicated served while gambling on at least one occasion at Caesars in 2007, a concerned companion of Mr Watari Stuart Mitchell B aside his cocktail waitress and pleed with her to water down Mr Waton Abi's drinks.

the cocktail waitress refused and curtly responded Terry gets whatever he wants Mr Wanabi had at least two drinks at his table at all times so that he could be kept in a constant state of intoxication while gambling. Mr W's photographs were posted in the employees only section of the casino in order to ensure all employees recognized him and never refused him anything. Caesar's employees never attempted to limit or cut off Mr Wabi drinking or restrict his gambling because they understood that any interference with his drinking or gambling could cost them their jobs. In response to the lawsuit, a spokesperson for the casino stated we're in the gambling business.

We had no reason to believe that Terry Wanabi was anything other than a big player with huge resourc who made an adult decision to bet the money he did. Are we going to provide an environment that keeps him very happy? Of course we are okay. Whoo! Okay, yes, but there's no comment about the fact that if they if they see and know by the problem which it seems like they did, um, they didn't do anything. Uh, not only did they not do anything to help it, they made a lot of things to worsen it.

So I think that there's certain amount of can need to be taken here 100% The Caso then launched criminal proceedings against Terry meaning that on top of everything thing, he was now facing up to 28 years in prison for the unpaid 14 million. An article was then published in the months that followed announcing that both Terry and the casino Had Each dropped their lawsuits. However, Terry's life never recovered afterwards. My name is Terry Wabi I've been.

hold up You say what? that followed announcing that both Terry and the casino had H dropped their lawsuits. However, Terry's life never recovered afterwards. my name is Terry Wabi I've been diagnosed with prostate cancer on the 29th of July 2017 Terry Announced that he had cancer hoping to raise $100,000 on GoFundMe for treatment with a description reading: I've accepted my situation and do not pity myself, but my hope is that you'll find it in your heart to forgive me for my past and help me live long enough to help others in the future. Attach was a video talking about how bad things have become.

I Unfortunately, don't have the funds to survive I'm almost homeless I have no medical insurance. although despite this, he was unable to reach his goal yet still managing to raise an impressive $28,000 in January 2020. Terry Joined Twitter before stating today: I Try to live a good life and be a good man. Despite my past flaws and mistakes, I've always sought to do good and help people I Hope I can still have a positive impact on those in the future by sharing my story both highs and lows, funny and sad moments showing that Terry quite impressively now took full responsibility for his own mistakes I didn't know.

would have back to actually zero though like Jesus Christ Dude, well that's busted back to zero plus negative like that's that's insane dude yo I think this chat Miss stands a lot of things on purpose and they just don't get it. Yeah bro bro see I was I was right the whole time dude bro I was right the look chat was is dumb and I was like the whole time look bing bing bing bing I said your been roulette craps slots they're all in the top six best games to play in terms of odds I I said that I said that what is wrong with you I literally said that man guys video poers like slots is it not? wait is it not oh oh Jesus Christ well I guess it depends where I guess I guess it depends where I I guess I don't know the actual a cell but % sounds ridiculous I don't think I don't that sounds stupid but I was still right about the all the the games at the same time. no you apologize for being by the whole thing Fu want to the what yo bro sh should have change the mess up man yo this is X x on the be yo okay you my voice as well that anyone knows that boy I don't know he's just so anyone knows that boy I don't know he's just So s.